Initial Cash Outlay:

Land 600,000.00
Building 2,000,000.00
Office Equipment
Delivery Equipment
Production Machine and Equipment
Furniture and Fixtures
Factory Supplies
 FRY DE CALLOPS MANUFACTURING
STATEMENT OF FINANCIAL PERFORMANCE
2020-2024
Schedule 2020 2021
Sales 5,472,000.00 6,840,000.00
Cost of Sales 3,762,690.00 3,909,941.83
Gross Profit 1,709,310.00 2,930,058.17
ADMINISTRATIVE EXPENSE
Office Supplies Used 3,150.00 3,465.00
Utilities Expense 169,200.00 184,320.00
Salaries Expense 866,491.00 909,815.55
Depreciation Expense 92,044.00 92,044.00
Permits and Licenses 10,000.00 10,000.00
Miscellaneous Expense 3,000.00 3,150.00
SELLING EXPENSES
Salaries Expense 245,468.00 257,741.40
Depreciation Expense-Delivery Equipment 170,325.00 170,325.00
TOTAL 1,559,678.00 1,630,860.95
TOTAL NET INCOME BEFORE TAX 149,632.00 1,299,197.22
Income Tax 44,889.60 389,759.17
TOTAL NET INCOME AFTER TAX 104,742.40 909,438.05

FRY DE CALLOPS MANUFACTURING

STATEMENT OF FINANCIAL POSITION
2020-2024
Schedule Prior Year 2020
ASSETS
Current Assets
Cash 1,152,221.02 1,128,303.84
Office Supplies 3,150.00 3,465.00
Factory Supplies 4,019.00 4,420.90
Total Current Assets 1,159,390.02 1,136,189.74
Non-Current Assets
Land 600,000.00 600,000.00
Office Equipment 110,479.00 110,479.00
Accumulated Depreciation-OE 13,984.02 27,968.04
Delivery Equipment 1,463,000.00 1,463,000.00
Accumulated Depreciation-Delivery 170,325.00 340,650.00
Building 2,000,000.00 2,000,000.00
Accumulated Depreciation-Building 72,000.00 144,000.00
Furniture and Fixtures 40,400.00 40,400.00
Accumulated Depreciation 6,060.00 12,120.00
Production Machine and Equipment 1,510,000.00 1,510,000.00
Accumulated Depreciation 120,900.00 241,800.00
Plant Expansion Fund - 376,101.28
Total Non-Current Assets 5,340,609.98 5,333,442.26
Total Assets 6,500,000.00 6,469,632.00

LIABILITIES AND OWNER'S EQUITY

Income Tax Payable - 44,889.60
Total Liabilities - 44,889.60
Owner's Equity 6,500,000.00 6,424,742.40
Total Liabilities and Owner's Equity 6,500,000.00 6,469,632.00

FRY DE CALLOPS MANUFACTURING

STATEMENT OF CASH FLOWS
2020-2024
2020 2021 2022
Cash flows from Operating Activities
NET INCOME 104,742.40 909,438.05 1,954,922.46
ADD:
Depreciation Expense-Administrative Expense 92,044.00 92,044.00 92,044.00
Depreciation Expense-Delivery Equipment 170,325.00 170,325.00 170,325.00
Depreciation Expense-Prod. Machine & Equip. 120,900.00 120,900.00 120,900.00
Increase in Income Tax Payable 44,889.60 389,759.17 837,823.92
Increase in Office Supplies 315.00 346.50 381.15
Increase in Factory Supplies 401.90 442.09 486.30
TOTAL 427,441.70 772,239.58 1,220,225.47
CASH FLOW FROM OPERATING 532,184.10 1,681,677.64 3,175,147.93
Cash flows from Investing Activities
Drawings 180,000.00 180,000.00 180,000.00
CASH FLOW FROM INVESTING 180,000.00 180,000.00 180,000.00
Cash flows from Financing Activities
Payments of Income Tax Payable - 44,889.60 389,759.17
CASH FLOW FROM FINANCING - 44,889.60 389,759.17
NET CASH FLOWS 352,184.10 1,456,788.04 2,605,388.76
Cash Beginning 1,152,221.02 1,128,303.84 1,938,818.91
TOTAL 1,504,405.12 2,585,091.88 4,544,207.67
Plant Expansion Fund (25%) 376,101.28 646,272.97 1,136,051.92
Cash End 1,128,303.84 1,938,818.91 3,408,155.75
TURING
FORMANCE

2022 2023 2024

8,563,680.00 10,697,760.00 13,379,040.00
4,064,558.82 4,226,911.24 4,397,388.05
4,499,121.18 6,470,848.76 8,981,651.95

3,811.50 4,192.65 4,611.92

200,952.00 219,247.20 239,371.92
955,306.33 1,003,071.64 1,053,225.23 5%
92,044.00 92,044.00 92,044.00
10,000.00 10,000.00 10,000.00
3,307.50 3,472.88 3,646.52 5%

270,628.47 284,159.89 298,367.89 5%

170,325.00 170,325.00 170,325.00
1,706,374.80 1,786,513.26 1,871,592.47
2,792,746.38 4,684,335.50 7,110,059.48
837,823.92 1,405,300.65 2,133,017.84
1,954,922.46 3,279,034.85 4,977,041.63

ANUFACTURING
NCIAL POSITION
24
2021 2022 2023 2024
S

1,938,818.91 3,408,155.75 5,592,736.61 8,624,786.12

3,811.50 4,192.65 4,611.92 5,073.11 10%
4,862.99 5,349.29 5,884.22 6,472.64 10%
1,947,493.40 3,417,697.69 5,603,232.74 8,636,331.86

600,000.00 600,000.00 600,000.00 600,000.00

110,479.00 110,479.00 110,479.00 110,479.00
41,952.06 55,936.08 69,920.10 83,904.12
1,463,000.00 1,463,000.00 1,463,000.00 1,463,000.00
510,975.00 681,300.00 851,625.00 1,021,950.00
2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00
216,000.00 288,000.00 360,000.00 432,000.00
40,400.00 40,400.00 40,400.00 40,400.00
18,180.00 24,240.00 30,300.00 36,360.00
1,510,000.00 1,510,000.00 1,510,000.00 1,510,000.00
362,700.00 483,600.00 604,500.00 725,400.00
 1,022,374.25 2,158,426.17 4,022,671.70 6,897,600.41
5,596,446.22 6,349,229.14 7,830,205.67 10,321,865.38
7,543,939.62 9,766,926.83 13,433,438.41 18,958,197.24

WNER'S EQUITY
389,759.17 837,823.92 1,405,300.65 2,133,017.84
389,759.17 837,823.92 1,405,300.65 2,133,017.84
7,154,180.45 8,929,102.91 12,028,137.76 16,825,179.40
7,543,939.62 9,766,926.83 13,433,438.41 18,958,197.24

2023 2024

3,279,034.85 4,977,041.63

92,044.00 92,044.00
170,325.00 170,325.00
120,900.00 120,900.00
1,405,300.65 2,133,017.84
419.27 461.19
534.93 588.42
1,787,615.45 2,515,237.23
5,066,650.30 7,492,278.86

180,000.00 180,000.00
180,000.00 180,000.00

837,823.92 1,405,300.65
837,823.92 1,405,300.65
4,048,826.38 5,906,978.21
3,408,155.75 5,592,736.61
7,456,982.13 11,499,714.82
1,864,245.53 2,874,928.71
5,592,736.61 8,624,786.12
h
Schedule of Cost of Sales
Particulars 2020 2021 2022
Direct Materials 2,929,920.00 3,076,416.00 3,230,236.80
Direct Labor 707,851.00 708,204.93 708,559.03
Manufacturing Overhead
Depreciation-Prod. Machine & Equipment 120,900.00 120,900.00 120,900.00
Indirect Materials:
Hair net 150.00 165.00 181.50
Gloves 1,200.00 1,320.00 1,452.00
Kitchen Towel 300.00 330.00 363.00
Mask 450.00 495.00 544.50
Laboratory gown 700.00 770.00 847.00
Laddle 200.00 220.00 242.00
Knife 159.00 174.90 192.39
Chopping board 360.00 396.00 435.60
Basin 500.00 550.00 605.00
TOTAL COST OF PRODUCTION 3,762,690.00 3,909,941.83 4,064,558.82

Owner's Equity
2020 2021 2022
Beginning 6,500,000.00 6,424,742.40 7,154,180.45
Add: Net Income 104,742.40 909,438.05 1,954,922.46
Total 6,604,742.40 7,334,180.45 9,109,102.91
Less: Drawings 180,000.00 180,000.00 180,000.00
End 6,424,742.40 7,154,180.45 8,929,102.91
 2023 2024
3,391,748.64 3,561,336.07
708,913.31 709,267.76 5%

120,900.00 120,900.00

199.65 219.62 10%

1,597.20 1,756.92
399.30 439.23
598.95 658.85
931.70 1,024.87
266.20 292.82
211.63 232.79
479.16 527.08
665.50 732.05
4,226,911.24 4,397,388.05

2023 2024
8,929,102.91 12,028,137.76
3,279,034.85 4,977,041.63
12,208,137.76 17,005,179.40
180,000.00 180,000.00
12,028,137.76 16,825,179.40
PARTICULARS 2020 2021 2022 2023
Sales- Output VAT 656,640.00 820,800.00 1,027,641.60 1,283,731.20

Particulars 2020 2021 2022 2023

Outut VAT Payable Beg. 164,160.00 205,200.00 256,910.40
Add: Output VAT 656,640.00 820,800.00 1,027,641.60 1,283,731.20
Total 656,640.00 984,960.00 1,232,841.60 1,540,641.60
Less: VAT Payment 492,480.00 779,760.00 975,931.20 1,219,708.80
Output VAT Payable, End 164,160.00 205,200.00 256,910.40 320,932.80
2024
1,605,484.80

2024
320,932.80
1,605,484.80
1,926,417.60
1,525,046.40
401,371.20